Property investors who have had real estate in Manifold Heights, 3218 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.93%
Manifold Heights,3218 was ranked 3699 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Manifold Heights should be aiming for at least -3.18% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 46 properties changed hands in Manifold Heights, which puts it as the 454th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4350 per annum or $362.5 every week.
Manifold Heights has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -19.58% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Manifold Heights comes in at number 314th in VIC.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.70% offered to property buyers. Sellers in Manifold Heights itself are offering an average vendor discount of -4.13% to real estate investors.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.Full summary
Information supplied by:
Metro suburb soars to new heights
Median house price: $583,050
Three-year growth: 14.32%
Rental yield: 3.17%
Less than 5km west of Geelong City is the suburb of Manifold Heights. Primarily a residential area, it nonetheless has many fans driving its strong growth in recent years.
Manifold Heights recorded almost 23% growth in the past 12 months, with average annual growth coming in at 7.4%. This is indicative of its potential value in the long term should the trend keep up. For 2017, the suburb is off to a strong start – in the January quarter, prices continued to increase by almost 10%. Manifold Heights’s rising profile also benefits sellers, who have homes snapped up at an average discount rate of just 3.8%.
One of the suburb’s top drawing cards is its proximity to the Geelong CBD, which is itself a central CBD in regional Victoria. The city provides considerable employment opportunities in the medical and education industries, and is also home to many entertainment venues. Thus, residents are within easy reach of whatever they need.Close